South Africa Standard Bank PMI

The IHS Markit South Africa PMI rose to 50.3 in April 2019 from 48.8 in the previous month, signaling only the second improvement to business conditions in ten months. Output and new orders were little-changed after nine months of contraction, while export sales fell for the third month running. Still, input purchases returned to growth and employment increased. On the price front, a run of weak demand culminated in a second successive drop in selling prices and the first fall in input prices throughout the survey history. Looking ahead, business expectations improved slightly as firms noted that activity could likely pick-up after the general election. Composite Pmi in South Africa is reported by Markit Economics.

Composite Pmi in South Africa is expected to be 50.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in South Africa to stand at 51.40 in 12 months time. In the long-term, the South Africa Standard Bank PMI is projected to trend around 52.00 in 2020, according to our econometric models.

South Africa Standard Bank PMI

In South Africa, the Standard Bank South Africa Purchasing Managers Index tracks business trends across private sector activity, including mining, manufacturing, services, construction and retail based on data collected from a representative panel of around 400 companies. The index tracks variables such as new orders, output, employment, supplier delivery times, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining. This page provides - South Africa Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Standard Bank PMI - actual data, historical chart and calendar of releases - was last updated on May of 2019.